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This newspaper page contains 23 articles. Subscribers can read the full text of each article.
Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 28, 1889
Page
7
The November 27 1580 market report shows cattle prices down across all grades with no primes available. Hogs hit a multi year low as buyers shrink. sheep and lambs remain in light supply while demand favors scarce prime stock and shipments to New York.
Market note shows cattle slow then lively to close at strong prices near last week. Prices listed for hogs sheep and calves with various weights and lots. receipts lighter and market active with gains over prior levels.
Telegraph records indicate varied cattle and hog values with steers around different grades, beef and grass cattle prices firm for some lots, and sheep and lambs showing steady to firm prices. Notable totals include 42590 head market steady and 2600 head firm for sheep, with shipments and receipts listed in scattered figures.
Yesterday afternoon in a downtown office a tall brunette entered to use the telephone. A half listener noted a brief exchange with a caller about attending an art bazaar and measures of courtesy, ending with a playful farewell as the staff laughed over the missing remainder. Beware of counter-
Traders reported a fair trade in wheat with short covering for December and March and realized for May. Prices opened strong but eased later with December off 3 and May down 2 to 3 cents from yesterday’s close. Northwest demand and export rumors supported early strength while local deliveries were smaller. Corn and oats remained light, with dull activity and steady to slightly weaker tone. pork and other meats held steady amid limited trading and modest price moves.
The piece discusses the circular saw history with a Pittsburgh anecdote and notes on real estate gains around Mt. Washington. It highlights the rise of installment buying through building and loan associations, the value of cash versus monthly payments, and the optimism of investors in Beltzhoover and nearby boroughs amid rising lot prices and new streetcar plans.
In steady banking conditions a brisk demand for accommodations and firm rates at 6.7 percent emerge. Money for legitimate business remains ample with large deposits and checks. London and New York exchanges show broad activity. The Bank of England reports bullion withdrawal of £640,000 while Bank clearings in Chicago and Boston reflect sizable sums.
Business notes report a somber Exchange atmosphere after the death of David Torrence. he was highly respected. Allegheny offers 100000 of renewal bonds. Pittsburgh and Allegheny railroad cases referenced. Supreme Court Chicago gas union deemed illegal. Farmers and Mechanics Bank of Washington PA organized with W Roberts president. Luster Mining directors optimistic but stock steady. Rail lines and Standard Oil involvement noted. Mortgage specialist cites money seeking investment. some loans as low as 4 percent.
A brisk session ran despite weather and a near holiday. The list showed 485 shares traded with Philadelphia Gas at 90 and closing near 50, while most natural gas stocks softened. Pleasant Valley and Electric rose, others little changed with bids, offers, and sales noted in the morning.
Market weakness dominated trading as refined futures rose in Europe but failed to affect U S activity. Prices opened at 105 3/4, hit 106 6/4, and closed 106 0. Market chatter blamed volatility on wires and implied a premium wipeout. Reports note several wells in Shanopin Brush Creek and Ritchie counties with varying outputs, while exploration moves continue in the region.
In New York on November 27 petroleum opened weak at 81.00 and rose to near 6 3/4 before Standard Oil selling pressure pushed prices down. By close, quotes hovered around 6 4/5, with the market finishing on the softer side.
Readable lines reference Norfolk Western and Arch Avenue with scattered place names. The text appears as mangled OCR from a newspaper page listing railroad and Arch items with extraneous fragments.
Fragmentary OCR text lists Philadelphia stocks and rail lines such as Pennsylvania Railroad and Northern Pacific. The readable portion mentions Allegheny and Buffalo lines with scattered company names, but lacks coherent narrative or decisive event to summarize.
The Cronin trial pauses for eight days of argument. Jefferson Davis improves but remains confined. Navassa rioters evidence led in Baltimore with initial arguments. Conservative Southerners in Nottingham approve Lord Salisbury’s program amid labor rider debates. Buffalo horse thief Richard Mansfield linked to Cleveland case reported. New York grand jury indicts Hannah B. Southworth for murder. arraignment and plea follow. Citizens Bank York settles with T. F. McConaughy’s claim. full payment possible. Wall Street stock activity declines on Illinois Supreme Court decision. Kiowa and Comanche cattle trespass suspected. Indian Affairs orders removal. South Carolina governor seeks railroad civil rights accommodations and Confederate flag preservation. Adams of Union Pacific reaches merger with Denver, Texas and Fort Worth interests. Passengers of the burned ship Rantings arrive in quarantine. loss estimated at 1,000,000. Dr Calvin Case of St Louis treated as incurable narcotic victim after cocaine self-harm incident. once U S Army surgeon.
Samuel W Mack Co sold a lot about 80 by 15 feet on Southern avenue Thirty second ward for 1850 James W Drapo Co sold a seven room house and lot about 23 by 60 feet on East End’s East Street for ee on East Property valued over 500 at 8 percent Semieen & Dickie sold three frame houses with lots 67 by 100 feet on Lincoln area East End to Marie J Dewrone for also three lots on Street 30 by 120 feet Twenty second ward to ae Faner for 2276 Male 14 Fourth avenue brick house listed for one year at 6 percent on ward property Pape Herron & Sons sold lot No im in Land Company plan feet for 300
A Chicago Gas Trust decision by the Illinois Supreme Court reversing a lower ruling triggered a stock selloff. The ruling held that a trust acquiring control of other firms acted unlawfully, sparking a broad market reaction though some blue chips held their value.
November 27 report notes continued rainfall dampening activity in drygoods, with weather more felt in retail than wholesale. Mentions seasonal slowdown and generally quiet business in flat hands as traders navigate later in the period.
Local shop promotes a sale of porcelain items from various famous potteries at reduced prices. Customers are invited to visit 182 154 156 Federal St Allerheny to view the selections and take advantage of the discounts.
In Antwerp on November 24 the trial of M. Corvinhin owner of the cartridge factory and M. Delauney foreman for imprudence homicide concluded with convictions. Corvinhin is sentenced to four years six months and Delauney to one year six months plus fines of 2500 francs each.
An old advertisement promotes Little Liver Pills as a remedy for sick headache. The copy emphasizes health benefits and urges readers to try the product for relief.
Market page notes Thanksgiving impact on poultry markets with large turkey supply but steady to higher prices. Dairy demand solid for top grades. cheese firm with potential rise. Eggs scarce and firm. butter up due to market. Prices for potatoes cabbage apples and other produce mixed. various regional and wholesale quotes listed for fruits, vegetables, meats, and dairy products.
Receipts and bids from Pittsburg Cincinnati and Lake Erie show cars of corn middlings and mixed shell corn for delivery in December and January. Quotations cover No 2 yellow corn No 1 Western rye oats and bran with spot prices and market tone noted as firm and volatile amid December bets.
Fragmentary text references fees and parties in a November context. Names and clear details are absent, leaving only partial terms and unspecified actions. The item reads like an archival note with clipped phrases and no definite event or outcome.
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